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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: mauser96 who wrote (22814)	5/17/1999 6:33:00 PM
From: Teflon	Read Replies (3) \| Respond to of 74651

Lucius, I have read your posts on the G&K Thread of late. I know that you are primarily a trader of MSFT and not a long term investor. If you are serious about learning the subtleties of MSFT's trading behavior, do yourself a favor and go back over the past couple of years and look at the historical trading patterns of MSFT. One thing you will note of interest is that MSFT usually has a consolidation period every year that lasts on average one to three months. Last year it consolidated over the exact same period as the current time frame and exhibited very similar characteristics. I have owned this stock for almost seven years and I understand its behavioral trading tendencies (as well as I can!!). Rest assured, this six week lag as you suggest is an annual occurrence for MSFT and will ensure a healthy trading future in the stock over the long term. Regarding your comments about "what's changed for MSFT since six weeks ago...", I suggest that things have fundamentally changed for the better when we look out on the horizon at MSFT's future. The slew of deals that it has consumated over the past two weeks is mind boggling. Please read "The Raging Bull" article below Message 9544154 and then try to come back and convince me that people are selling MSFT now because they are worried about the trial or because there are better tech stories out in the market. It's a fleeting argument to suggest that MSFT is selling off for reasons other than consolidation and general profit taking in light of a market setting new highs in the face of potential higher interest rates. MSFT is getting ready to resume its steady climb north. It's a matter of time and getting some of the general market concerns behind us. There is no better place to park your money in the interim. IF the Fed is friendly, I expect the move north will begin sooner than most on this Thread are willing to wager on. I am always interested in your comments as we have common interests in other stocks as well (EMC, QCOM, etc.). Teflon

To: mauser96 who wrote (22814)	5/17/1999 6:35:00 PM
From: Sir Francis Drake	Respond to of 74651

Lucius - spoken like a trader :) <eom>.

To: mauser96 who wrote (22814)	5/17/1999 9:48:00 PM
From: Ex-INTCfan	Read Replies (1) \| Respond to of 74651

re: "the stock price takes into account all that is known and perceived about the stock" Fortunately, many of the perceivers are idiots, which lets the rest of us pick up stocks like MSFT at bargain-basement rates from time to time. ot -- more fun to look at the girls than the judges' trousers. That said, have to agree with your beauty contest comment. Never been a big fan of AOL or YHOO from a user perspective because I have very specific online demands (although both are quality companies), but everyone else thinks they are great, so I've been long in them. MSFT haters should take the same approach. Ego should never interfere with the accumulation of wealth. No bad news coming from MSFT -- we've just been having a normal consolidation. As Frank C said on WSW this past Friday, if you don't buy these stocks when they are down, you'll never buy them (MSFT mentioned by name). INTCfan